Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
Kay Kim
What’s your experience with Wagner Nolasco B2RDirect
2 February 2025 | 178 replies
I have helped clients identify attorneys so they can have their legal rights protected.
Zach Howard
LLC - many questions, please help!
12 January 2025 | 2 replies
LLC offers better legal protection.3) Setting up in states that allow your identity to be hid is also overblown.
Rene Hosman
WTF is a land swap?
16 January 2025 | 13 replies
This second defeat at the ballot seemingly left WIP with few options, and it was looking like they way overpaid for this land that in it's current legal state could only be used as a golf course or park.
Rob Hilton
Dynamic Pricing leads to Accusations of Price Gouging in JT
29 January 2025 | 11 replies
Their algo isn't sophisticated enough, yet, to accommodate natural disasters and inventory shortages so it's most likely responding to the incredible demand (and unaware of the legal implications).
Taylor McClure
I’ve heard of buying pre-foreclosures, anyone have experience?
15 January 2025 | 8 replies
Is it legal to offer to rent the property back to the homeowner who already lost their home to foreclosure when negotiating the redemption rights purchase?
Polat Caglayan
about section 8
21 January 2025 | 13 replies
Not sure if that is still legal or even translates in today's world of everything online but seemed like a good screening tool to me at the time.
Tyler Bolton
LLC versus personal umbrella policy for Indianapolis SFH rental
12 January 2025 | 7 replies
I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.
Christopher Lynch
How To Start a Syndication ?
10 January 2025 | 9 replies
There are some legal considerations as well as practical considerations 1.
Deirdre Lizio
Should you pick a property manager based on price or service?
17 January 2025 | 23 replies
Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?